Actor, writer strikes could lead to Hollywood's 'absolute collapse' if not resolved soon: Former Paramount CEO

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Actor, writer strikes could lead to Hollywood's 'absolute collapse' if not resolved soon: Former Paramount CEO
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Media mogul Barry Diller warned of 'devastating' ramifications if the parties don't reach a resolution by September 1 amid ongoing strikes against Hollywood by writers and actors.

Media mogul Barry Diller urged all parties to reach a resolution by September 1 amid ongoing Hollywood strikes during a Sunday interview on 'Face the Nation.'

Diller said Hollywood is in the throes of a"perfect storm," adding that he doesn't think there is enough"trust" between the parties to reach a resolution soon."The problem is… all strikes get settled. The issue with this one is because…you had COVID, which sent people home to watch streaming television and killed theaters.

At the center of negotiations are concerns about the unregulated use of artificial intelligence and the effects on actors' pay prompted by the new streaming ecosystem.

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